Gate Supports Qredo Token (QRDO) Rebranding to Open Custody Protocol (OPEN)

According to the Qredo Token (QRDO) project team, the Qredo Token (QRDO) has been rebranded to Open Custody Protocol (OPEN). Gate will support this rebranding and will cease the deposit, withdrawal, and trading services for Qredo Token (QRDO), including spot trading, quant grid trading, Simple Earn, and margin trading. After the rebranding is completed, Qredo Token (QRDO) will be relisted with the new token name Open Custody Protocol and token symbol OPEN.

Details:

1. Gate will disable new margin borrowing and crypto loan services for Qredo Token (QRDO) on April 19, 2024, 06:00 A.M. UTC.
   2) Gate will suspend the deposit, withdrawal and trading services for Qredo Token (QRDO), including spot trading, quant grid trading, Simple Earn, and margin trading, on April 20, 2024, 03:00 A.M. UTC,
2. Users who have ongoing Qredo Token (QRDO) quant grid trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before April 20, 2024, 03:00 A.M. UTC.
3. Users who have assets in Simple Earn may manually redeem them in advance. Otherwise the assets will be liquidated before April 20, 2024, 03:00 A.M. UTC.
4. Users who have outstanding Qredo Token (QRDO) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before April 20, 2024, 03:00 A.M. UTC.

It is important to note that the rebranding is merely a change in name and does not involve any blockchain migration.
Gate users don’t need to do anything in particular. If you wish to undergo the rebranding process for your Qredo Token (QRDO) on Gate, please deposit Qredo Token (QRDO) into Gate.

Deposit $QRDO：https://www.gate.com/myaccount/deposit/QRDO
Trade $QRDO：https://www.gate.com/trade/QRDO_USDT

Official Announcement: https://www.opencustody.org/blog/the-next-frontier

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Gate Team
April 18th, 2024